Phoenix Satellite TV likely to rise on Star Group and AOL-Time Warner news

Phoenix Satellite TV (8002) likely to rise on news that Star Group and AOL-Time Warner close to securing broadcasting rights in Guangdong, as possible deal could set precedent leading to broadcasters such as Phoenix securing mainland broadcasting rights. Many mainlanders, particularly in Guangdong, use unauthorized satellite dishes to watch Phoenix, and if Phoenix were able to secure mainland broadcasting rights it would enjoy entirely new revenue stream

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